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Subsidy Tracker Individual Entry

Company: Wright Medical
Parent Company: Stryker
Subsidy Source: local
Location: Tennessee
City: Memphis
Address: 1023 Cherry Road
Project Description: additional investment in corporate headquarters while retaining and adding jobs
Year: 2013
Major Industry of Parent: medical equipment and supplies
Specific Industry of Parent: medical supplies
Subsidy Value: $2,000,697
Program Name: Memphis PILOT
Awarding Agency: Economic Development Growth Engine
Type of Subsidy: property tax abatement
Number of Jobs or Training Slots: 260
Wage Data: 70,000-108,000
Wage Data Type: salary
Capital Investment: $15,570,440
Source of Data: (click here)
Notes: Subsidy value is projected loss in property taxes collected that would have been collected by the city. PILOT is for 15 year period. Year is year credit approved. Jobs figure is 35 created and 225 retained jobs. Wage figure is projected average salary of 70,000 for new employees and 108,000 for retained employees.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.